Arrowstreet Capital Limited Partnership lowered its stake in shares of Ryder System, Inc. (NYSE:R - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 459,396 shares of the transportation company's stock after selling 65,701 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.09% of Ryder System worth $72,061,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Keystone Financial Group Inc. acquired a new position in Ryder System in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Ryder System during the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new position in Ryder System during the third quarter worth about $34,000. R Squared Ltd purchased a new position in Ryder System during the fourth quarter worth about $45,000. Finally, Principal Securities Inc. increased its position in Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock worth $54,000 after purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 87.47% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price target on Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. The Goldman Sachs Group raised their target price on Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, StockNews.com cut shares of Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $157.00.
Read Our Latest Stock Report on Ryder System
Ryder System Price Performance
R traded down $4.78 during trading on Friday, reaching $133.81. 676,773 shares of the stock were exchanged, compared to its average volume of 299,924. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 12.07 and a beta of 1.10. Ryder System, Inc. has a 1 year low of $106.88 and a 1 year high of $171.78. The business's 50 day moving average price is $153.33 and its two-hundred day moving average price is $155.28.
Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. As a group, equities research analysts anticipate that Ryder System, Inc. will post 13.68 earnings per share for the current year.
Ryder System Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.81 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.42%. Ryder System's dividend payout ratio (DPR) is 29.22%.
About Ryder System
(
Free Report)
Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.
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